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Are Shares and Cash in Ring-Fenced Accounts Really Not Secure After All? We Must Fight This

By Malcolm Stacey | Wednesday 18 April 2018


 


Hello, Share Minders. I predict I'm not the only one still shocked by the news that administrators of Beaufort Securities may, if necessary, be able to arrange for some of the assets in ring-fenced accounts to service a shortfall in costs. It seems odd that the assets of innocent third parties could be forfeit to pay for the failure of others. Perhaps I've misread the email. At least the wording suggests that little has been finalised yet.

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